Ripple Buys Stablecoin Firm Rail for $200 Million as Tether Invests in Bit2Me

Ripple agreed to acquire the stablecoin infrastructure company Rail for about $200 million, according to multiple reports including Bloomberg. The purchase is intended to broaden Ripple’s product suite beyond cross-border payments and could give the company a dedicated platform for issuing and managing stablecoins, an area that regulators and large payments firms are increasingly scrutinising. Separately, Tether said it has taken a minority stake in the Spanish-language crypto exchange Bit2Me and is leading a €30 million funding round. The investment will finance Bit2Me’s expansion across the European Union and Latin America after the exchange became the first Spanish-speaking platform authorised by Spain’s CNMV to operate under the EU’s new Markets in Crypto-Assets (MiCA) framework. The two deals underscore renewed merger-and-investment activity among large digital-asset firms seeking to diversify products and secure regulated operating footprints ahead of tighter oversight in major markets.